Why We Like It:
LYB is in the basic materials sector. This Dutch company makes chemicals.
Big picture this stock is in a long-term up trend. The last couple of months have seen LYB consolidate sideways below resistance in the $79.50-80.00 area. LYB's disappointing earnings report in late October did not derail the long-term rally. Just a couple of weeks ago RBC Capital upgraded LYB to their "top pick" and give it a $110 price target as they expect earnings to accelerate.

I am suggesting a trigger to buy calls at $80.25. If triggered our short-term target is $85.00.

Trigger @ 80.25

- Suggested Positions -

Buy the Feb $80 call (LYB1422B80) current ask $2.40

Annotated Chart:

Weekly Chart:

Entry on December -- at $---.--
Average Daily Volume = 3.1 million
Listed on December 24, 2013